Date Content REF DR CR
Date Content REF DR CR
Date Content REF DR CR
Cash
(1) $3000 (2) $600
(5) $825 (3) $500
(7) $100 (8) $125
(9) $930 (10) $400
(11) $900
$4855 $2525
Ending Balance: $2330
Account Receivable
(6) $100 (7) $100
$100 $100
Ending Balance: 0
Furniture
(2) $600
$600 0
Ending Balance: $600
Equipment
(1) $15000
(4) $1200
$16200 0
Balance: $16200
Note Payable
(10) $400 (4) $1200
0 $800
Balance: $800
Capital
(1) $18000
0 $18000
Balance: $18000
Withdrawal
(11) $900
$900 0
Balance: $900
Revenue
(5) $825
(6) $100
(9) $930
0 $1855
Balance: $1855
Rent expenses
(3) $500
$500 0
Balance: $500
Wages
(8) $125
$125 0
Balance: $125
Trial Balance
Expressions (August 31st)
Debit Credit
Cash $2330
Account Receivable $0
Furniture $600
Equipment $16200 $800
Note Payable $18000
Capital
Withdrawals $900
Revenue $1855
Rent Expense $500
Wages $125
Total $20655 $20655
Income Statement
Expression (August 31st)
Revenue:
_ Haircutting revenue $1855
Total revenue $1855
Expenses:
_ Rent expense $500
_ Wages $125
Total expenses $625
Net income $1230
Balance Sheet
Assets: Liabilities
_ Cash $2330 _ Note Payable $800
_ Furniture $600 Equity
_ Equipment $16200 _ Total Capital $18330